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Old August 6th, 2017, 05:50 PM   #1
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How Republicans Hurt Their Own Red State Rural Poor Constituents To Destroy Obamacare

When the ACA (“Obamacare”) was passed, it mandated that insurance companies had to insure everyone who signed up regardless of whether they had pre-existing conditions and regardless of their health status. Insurance companies were required to add millions of new insureds to their roles and insurers had no way of actuarially assessing their risk and no way to accurately set policy pricing. Because of this, everybody agreed that insurance companies would probably lose money in the first decade or so until the insurance industry was able to have real numbers to assess their risks and to price insurance policies accurately and to have the newly insureds’ health status stabilize.

The millions of new insureds would would cost more up front to assess their health and to stabilize any pre-existing health problems. Over time, once the newly insureds’ health was stabilized, their healthcare costs would go down.

As an example, a new insured may need many health tests upfront (MRI’s, blood tests, etc.) to determine the cause of an illness or just to determine their overall health status. Once all of the testing and health assessments are completed, they are diagnosed, and have a treatment plan (medications etc.), the insureds may only need annual health check ups.

So the costs of all of these new insureds with unknown health problems would probably be much higher in the beginning and then lower or stabilize over time.

To get insurance companies on board with the risk, Obamacare included a safety net for insurance companies. Obamacare said that the government would cover insurance losses using a pool of fees collected from the insurance companies under Obamacare.

If an insurance company was going to go bankrupt from insuring the risky new individuals, the government would cover their losses out of this insurance company fee pool. The fee charged to insurance companies was to spread the risk among all insurance companies to create a safety net for the insurance industry.

This safety net encouraged the insurance industry to take the huge risk of insuring these millions of new people with unknown health status. This was called the “risk corridor.” The risk corridor payments were to be a safety net until the insurance policy market stabilized.

On December 9, 2015, however, Marco Rubio and several other Republicans slipped a little noticed provision into a giant spending bill, gutting the safety net of risk corridor payments to insurance companies.

As a result of the lack of a safety net, insurance companies were thrown into a crisis. This caused a chain reaction of events in mostly poor, red states.

First, dozens of non-profit insurance companies that were started under Obamacare to provide low cost insurance policies (with no profit margins) in mostly poor and low income red states went bankrupt.

Moreover, because of this huge, new risk Republicans created, many insurance companies began to do either of two things: 1) greatly increase their premium prices to offset their risk or 2) entirely pull out of the markets in mostly poor, low income red states.

This left some states with only one insurer. It also left so many small insurance companies in distress that they were easily gobbled up by the insurance giants and the insurance giants have successfully eliminated all competition in many markets.

As you know, when there is no competition, there is typically price gouging.

This is why there was an explosion of news stories in 2016 (during the lead up to the Presidential election) about premium costs rising and insurers backing out of the market.

The sad truth of the matter is Republicans are so cynical that they would purposely hurt their own constituents to try to get political advantage and create bad news stories about Obamacare.

Republicans purposefully broke Obamacare and purposefully hurt their own constituents for political advantage.

People are suffering, but it is not from Obamacare.

They are suffering because the Republicans purposefully hurt them.

The people most hurt by them gutting the risk corridors were their own red state, rural, and poor voters and Trump voters.

People need to wake up on what really happened.

Here are some news stories on this:

healthaffairs.org/…

www.nytimes.com/…

theweek.com/…

thehill.com/…

Salon: in-depth news, politics, business, technology & culture...


https://www.dailykos.com/stories/201...troy-Obamacare
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Old August 6th, 2017, 07:09 PM   #2
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Even when the facts about the ACA are starring you in the face you resort to this nonsense? You can keep your healthcare plan, you can keep your doctor, and premiums will decrease? Isn't that how they sold this pig in poke?
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Old August 6th, 2017, 08:35 PM   #3
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I like the part where it says that insurance companies will cover anyone that applies.

Well, only if they can afford it and who decides how much that they can afford and what happens if they decide that it is to much money?

The state decides that and if they can't afford the overpriced subpar product then the state taxes them more money.

It is like the guy w/ the broken car w/ a soup can holding his tailpipe together and a busted ass headlight. The state fines him for not having the money to fix his car. It is a racket, plain and simple.

Taxation w/o representation.
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Old August 7th, 2017, 04:31 PM   #4
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Medicare for all an be done with it
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Old August 7th, 2017, 05:18 PM   #5
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https://www.cnbc.com/2017/08/07/anth...re-market.html

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Old August 7th, 2017, 07:23 PM   #6
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Originally Posted by guy39 View Post
Medicare for all an be done with it

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Old August 7th, 2017, 07:44 PM   #7
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Are you one Medicare? If not, you may not realize the restrictions that Obamacare has put on it...by many "hidden" ways. Premiums have gone up every year, Oh they may not have increased by 100% but the 17% for many means a big deal. Also...those hidden taxes for over the counter items adds some more expense. Medicare pays such a small amount of the actual "charges", because of the set amounts it says it will pay, that many doctors don't take Medicare patients.
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Old August 7th, 2017, 08:15 PM   #8
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Are you one Medicare? If not, you may not realize the restrictions that Obamacare has put on it...by many "hidden" ways. Premiums have gone up every year, Oh they may not have increased by 100% but the 17% for many means a big deal. Also...those hidden taxes for over the counter items adds some more expense. Medicare pays such a small amount of the actual "charges", because of the set amounts it says it will pay, that many doctors don't take Medicare patients.
No I am not on Medicare. I am just forced to pay for it with an iou as the closest thing to a guarantee. Therefore I want what I pay for now before the baby boomers steal everything else I have to live out there days in comfort
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Old August 7th, 2017, 09:27 PM   #9
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Quote:
How Republicans Hurt Their Own Red State Rural Poor Constituents To Destroy Obamacare
It's called "bait & switch".
The media have widely reported that for 7 years Republicans have been promising "repeal & replace".

They've obviously failed on that.

BUT !!
Quote:
"I'm not gunna cut Social Security like every other Republican. I'm not gunna cut Medicare or Medicaid." Candidate Donald Trump 15/05/26

"I am going to take care of everybody. I don't care if it costs me votes or not. Everybody's gunna be taken care of much better than they're taken care of now." Candidate Trump 15/09/27 to CBS Scott Pelly

"You're going to have such great healthcare at a tiny fraction of the cost." candidate Trump 16/10/25 from campaign podium

"We're not gunna have like a 2 day period. And we're not gunna have a 2 year period, where there's nothing. It will be repealed and replaced." President Elect Trump CBS News 16/11/13

"It'll be repeal and replace. It will be essentially simultaneously. It will be various segments you understand but it will most likely be on the same day or the same week but probably the same day. Could be the same hour."
President Elect Trump 17/01/11 @NYC News Conference: source - FNS 17/07/02

"If Republican Senators are unable to pass what they are working on now (Trump/McConnell-care), they should immediately REPEAL, and then REPLACE at a later date!" U.S. President Trump 17/06/30 03:37 tweet
"I am not a crook." U.S. President Richard M. Nixon
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Old August 7th, 2017, 09:40 PM   #10
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People who live around me don't use Obamacare, Medicare or Medicaid. I live in a rural area and everyone out here is wealthy, most with old money and a few with new money. I never inherited one penny so I am new money.
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